Here we go for a round of EM FX market updates and with Oil on the move first up USDRUB.
After the doldrums of Thanksgiving liquidity is starting to enter back into play, although with market out of position there is no need to overload exposure. The USD tide is turning and clients here are pressing the buy side on RUB crosses to play the dollar sell-off.
More activity coming with NY session, a good level to pick up offers as the cross drives through technical momentum at 64.3x.